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be off the on markets like india in particularly actually. >> mark, this is christine again. one story we're focusing on, china's wealth fund, cic to buy u.s. mortgages. what does it say about the chinese appetite for u.s. trishes, and is this an ideal investment for the chinese? >> gee, i didn't see that news headline. i would say $2 billion isn't a lot of money for china. it's a lot of money for the rest of us but not for china. the chinese have been very explicit they want to take advantage of the weak prices globally to make acquisitions. they've been trying to make acquisitions in resources around the world. i don't read anything huge into it. sorry, christine, not one way or the other. >> thanks for joining and sharing your thoughts with us. mark matthews and aaron snipe. >>> banker bonuses under attack from all sides in the u.k. chancellor alstair darling told the sunday times he will change the law to ensure compensation is not paid to employees whose actions put banks at risks. the comments come with reports from bar clays is offering a massive package for several employees being
this year. dell hopes china and india will drive revenue growth next year. it looks like we are up big on those earnings reports. good news there. dell enjoying nearly 8.5% higher. hank greenberg tells cnbc that there's no truth that he's leading a grew buyback for aig. aig rose 26% on tuesday on reports of reaching out to determine how to run the company. well, you can get more news, videos and blogs online at cnbc.com. ross. >> still to come on today's program, as well, deflation unemployment hit record highs in japan. we'll assess the likelihood of the land slide victory and what it means to investors. the u.s. economy that long 1% in the second quarter, unchanged from our initial estimates. from post party sickness syndrome? there's a revolutionary cure. it's called cascade all-in-one actionpacs. and it's like adding the ultimate button to your dishwasher. because it has the power to pre-wash... dissolve... and rinse the whole mess away. so in the morning your dishes will feel like new again. and so will you. cascade complete all-in-one actionpacs. >>> okay. we've got the global up
in india, as well. india will be an economy we will take far greater notice of as the years go by. i agree totally in the decoupling. we are continuing to see that shift in economic power from west to east. we have too just to it. you have to adjust to it. far more severely than we do. it isn't something that is going to go away. but it cannot done and we will do it. but whether it will be deflationary or not, i'm not quite sure. >> meanwhile, howard, if i can just change tax slide, a large part of the rally in europe has been from financials. but we heard from rbs today who added realism. >> yes, they did. it has been an amazing week. yes, we were very glad the it's all over. what a week for banks. the good, the bad and the ugly. well, if the ugly is royal bank of scotland today, then we can actually live through it. but you know, the bottom line is that there's still a massive write-off here. banks are not performing in the way, the manner which they need to. there's a lot of clearing of decks to do and there's a lot of change of strategy still to come. but well done to those like hsbc a
china is about 30%. if you look at 40 years down the line, china and india will be above that. so you have an enormous structure taking place and, therefore, a strong engine of growth. clearly, if the u.s. consumer was going to collapse again, i don't think the chinese, indian, brazilian consumer would be able to compensate. but if we have a stabilization, as i believe we will have in the western economies, i think that the marginal call is going to be on the emerging economies and i think that's the engine of growth. >> manford, what do you think? to believe what virginie said makes you think asia can decouple with what's going on in the rest of the world. >> i have to agree with her to a larger extent. the asian consumer is becoming more important. but the absolute numbers don't show it. it shows an increasingly large consumer. but we need the situation where the u.s. consumer does recover to at least a moderate extent. i don't think complete decoupling is a possibility. >> mamprett gill, thank you, thank you, virginie, as well. >> thank you. >>> west lb is refusing to comment on su
talking you with you. thank you very much. let's head out to india right now. mumbai for the latest on the india bit report. ayesha faridi joins us. hello, eayesha. >> thanks for that, christine. after a very tough day, more action seen for the broader market. while the sensex is a shade odd in the green, the crucial point, i think, is that is standing above that 4,700 mark. and it's the broader markets which have seen more. meantime, of course, a lot of things are really playing up. banking is one such bank. this led to the kind of recovery that we have seen today. so a couple of these counters and not just the heavyweight counters, development credit bank amongst the midcap banks had been showing you gains of about 5 odd percent. you've got axis bank is holding up by about 1.5%. icici bank, over a 3% move. l&t is doing out quite well. in the meantime, we have got a couple of news reports, still unconfirmed, that india plans to sue the euro union at the world trade organization at the wto for allowing big pharmaceutical companies to detain engine nettic drugs in transit to developi
billiton, marius kloppers. that's at 8:40 eastern. let's turn now to india. ayesha faridi joins us live from mumbai from the india business report. ayesha. >> thanks for that, christine. it's a bad wednesday for the indian economic markets. it's sliced through 4,600, 4,500 and has even broken the 4,400 market in trade today. it's recovered from the low point of the day. just about half an hour can ba, we were seeing 2% cuts for the sensex and the nifty. the bodder markets reeling under pressure there, as well. in fact, most technical analysts do believe that 43.50 thereabouts is now the next resistance thorn for the market. the big losers in trade are the entire technologies space. you've got realty which is facing a lot of pressure in trade today. so these are the two weak pockets. besides that, a whole hoeft of these heavyweight counters have also been weak. but economic data has been very positive. we have market expectations about 7.8% across the board growth, but currently, the market is more worried about the global weakness that we are seeing. with that, it's back to you. >> ayes
figures. outlook for the emerging markets, especially for india, that was very reassuring to investors. but holcim says it doesn't see a recovery before next year. are a part from that, we're watching ubs after the swiss government says said it will sell its ruffle 9% stake in the market until august. that will probably be somewhere around 70 so it will leave the swiss government with a nice profit here. overall, analysts are a bit more bullish especially that we heard the u.s. sacks has been signed yesterday and two major obstacles for ubs are out of the way. before i let you go, let me mention the swiss access data, we saw a drop of 27% from july so a small improvement compared to june when we saw a drop of 28%. that is it from zurich. >> thank you very much, carolin. the volumes are very low today. the french mngt is bouncing back after a flat session yesterday. total, the largest french oil producer, is up 2.3%. oil services, they are doing well on the back of increasing oil prices yesterday. also in good shape today, almost % higher, the dugmaker is boosted by a decision in the u.
of inflation especially in areas such as india and china, if we start to see areas there, we'll see commodities sustained. i am against ru bin on this particular point.t. i think we will see a stronger move ahead. it's more inflation led. the cost of money being so low at the moment that's driving that price. if we start to see a tightening, then the commodity rally westbound able to be sustained. >> martin, always a pleasure speaking to you. xw >>> shares in barclays trading higher after a profit jumped 8% in the first half to just under $5 billion. the numbers were shy of forecast after impairment charges on corporate and consumer loans jumped 86%. the profit of the group's investment dropped from a year ago thanks to the acquisition of lehman brothers and commodity revenu revenues. speaking first, the president bob diamond, said the bank is getting conservative. >> it's getting easier and easier to see exactly how it's going to play out. we are expecting a difficult second half in the year in terms of provisioning. that's part of our plan. >> in china, more signs that the government is putti
for joining us. let's head over to india and join ayesha faridi live for the india business report. >> thanks for that, christine. standing or staring at that 1.5% gain for both the sensex and the nifty. might i add, it has come off from the top of the day. we're almost staring at a 100 point rally for the nifty just about a while ago. technology has been weak in trade today. watch out for counters. unitech amongst the real estate space, it's almost a tug of war space. reliance industries, which has an extremely high weighted in the index, that counter is flattened. but the rest of the market is looking good. telecom is definitely in focus. reliance communications now, we are expecting up from our sources that reliance communications is in talk for source based information up now. but that counter is holding up. more update coming in part and mtn, the deal is currently on and our sources indicate that the board will be meeting today. if it is conclusive, we can expect some agreement from the deal in the next ten days. the going has been good for that one. the metals space and the real estate
for the future. >> jean-marc boursier, thank you. thank you. >> in line with the rest of asia today, india is trading higher. we're joined now by ayesha faridi. thanks for that, maura. tale, it's been quite a choppy day. while it has struggled or tried not to hit the 4700 mark for the nifty, it isn't really being able to do that. it has made many attempts now for the trading session. all indices are in the green, but a big winner, indeed, or trade is indeed in force and the entire i.t. pack. clst is a brokerage which has been bearish on the entire i.t. space in india and is upgraded and it has upped the price target, as well. and they do also believe that they may beat fy '10 guidance and that is bringing volatility to the space, including in the midcap space. another stock in focus is united which is down by almost 2% in trade today. here is the news why. they have now called off stocks for diaggio sizing high evaluations and anti-trust issues as to why it was called off. it's a sentiment and a dampener with knee jerk reactions coming into it there. meantime, of course, we have a couple o
're also positioned around the world in india, china, mexico, et cetera, very well. so i like our balance, i like our hand, erin if i think this quarter was a good step in the right correction. >> all right. mark haines is looking forward to many years. >> it will be fun, mark. erin, good to talk to you again. >> good to see you, john. >> made me sound like a terrier who won't let go of the bone. >> it's your job, mark. it's a compliment. >>> up next, the faber report, starring the man named as the sexiest business reporter. >> oh, yes. >> by "business insider." david pouring overcome cast and directv results. >> and later, your cnbc edge, hang tight through the correction, there will be a rally on the other side of the rainbow. ♪ ♪ (tucci) count on the nation's fastest 3g network. at&t announcer: some people buy a car based on the deal they get. - others buy the car of their dreams. - ( beeps ) during the lexus golden opportunity sales event, you can do both. it's an opportunity today. it's a lexus forever. special lease offers now available on the 2009 es 350. >>> you're watching cn
over opec. it doesn't exercise jurisdiction over china and india's buying of commodities. and it only somewhat exercises jurisdiction over oil companies. they do, however, exercise jurisdiction over users of futures. that's why i think we become the focus. >> right. is it possible -- gary gensler is the head of the cftc. he's been on our program many times. is it possible to say that mr. gensler is between a rock and a hard place right now, that he's got a lot of pressure, that there are people who honestly believe there are dark, maybe mysterious force that's are manipulating things, particularly commodities out there, he wants to get a satisfactory answer? how can he do this without causing so much damage to the markets? what should mr. gensler be doing? >> he's got to look at data. he's got to look hard at what's driving the market and not just take the simple story at face value. if you actually dig in, there are probably good regulations to be had in here, but excluding individual investors from the commodities market by getting rid of commodity etfs can't be the right answer. >>
for a hearing. >>> harley davidson sunounci i e announcing plans to sell its motorcycles in india next year. they're hoping the middle class will trade in smaller, more inexpensive motorcycles for its hogs. >>> what's ahead on "fast money"? hi, rick. >> hi. the traders are going to be breaking down today. stock reversal. give you the plays for tomorrow. >>> plus, hey, we've got the latest from dell's conference call. and the traders and i, of course, are live at 5:00. >> i'll see you in five minutes, rick. thanks so much. >>> up next, several key events tomorrow could have an impact on trading. we'll break it down, what you need to know when the opening bell sounds on friday. some people buy a car based on the deal they get. others by the car of their dreams. during the lexus golden opportunity sales event, you can do both. special lease offers now available on the 2009 es 350. and you know what, it works. nutrisystem for men: flexible new programs personalized to meet your goals. what's great about nutrisystem is you eat the foods you love and you lose weight. i'm dan marino. i lost 22 pou
profits from india's tata steel looking to soar on reports of higher prices and improving demand. tune in to cnbc world to catch all the action overseas. at cnbc's asia headquarters i'm adam bakhtiar going global with your money. >>> well, high-yield bond funds have had a good month so far. 30-plus percent year returns attracting almost $15 billion in assets. has the rally begun to run too far too fast? joined by jim keegan of the ridgeworth immediate bond fund and brendan white of the touchstone high yield bond fund. gentlemen, good to have you on the program. what's your thoughts, jim? >> at this point, maria, all risky assets have run very far very fast in a short period of time and our view right now is the economy is experiencing what we consider to be transitory growth and it's all about the consumer. the consumer is the lynchpin to the u.s. economy and the global economy and we just see that there's a secular change going on in consumer spending behavior driven by four factors -- less consumption, higher savings, less leverage, more regulation, and higher taxes. >> so what do yo
%. but those markets, china, brazil, and india are up substantially more than that. so they have been the leaders in terms of investment performance. and when we start to see cracks in these markets, and i think we're going to continue to see some cracks, they're way ahead of themselves. >> okay. >> it's going to impact our market. >> don, you want to answer that? >> i think he's a little too pessimistic about this. it's going to be volatile. but it's a small market compared to ours. it's an important indicator of sentiment here. but it is not really a competitor for the kind of institutional investors that are dominant in our market or are dominant in japan or the european markets and not a good indicator for individual investors here either. >> okay. >> the way individual investors participate in china is in those chinese stocks that trade in america. >> okay. new topic. bob, housing data very strong today, what about the housing stocks? is that some place you're willing to go to? they've had tremendous runs, is it all priced in? >> i think most of it is priced in. we still have a w
. now asia is producing for asia. because we have this very big market of china.a. we have india as well. and japan is still a very big economy, even if it's in recession. >> the world is watching to see how china will make this transition from an export-led economy to a consumer-led economy. you think that transition is well on its way? >> we are seeing it. we are feeling it in the philippines. china buys of course a lot of electronics and minerals from us, which fuels their industries, which are also export oriented. but at the same time china is buying a lot of fruits from the philippines, and that is for the consumer economy. >> i want to get your take with regard to what's happening in regard to rice. a couple of years ago we saw rice prices soar. how do you avoid a situation like that happening again? >> well, we've learned a lesson. the economics of rice has changed. because you know, like the philippines, we are -- rice is our staple. we really eat rice all the time and in big quantities.s. but our country is an ark pell ago with lots of mountains and we don't have great plains l
coming out of china, out of india, some domestic growth but it will be a slow growth. i don't think there will be no growth but slow growth. there is a risk we turn down later in the year. a lot of -- >> later this year? >> well, i would say into 2010. but you guys and i agree are great fans to warren buffett. he's noted for saying, you know, forecasting the future, tell you more about the forecast than they tell you about the future. once you get beyond the 12-month rice, you're talking politics s rather than economics. it will be highly unusual after fiscal stimulation in the monetary stimulation, injected in the economy didn't have the intended effect. >> over the weekend barron's said you would almost prefer a return that's tepid, because as long as the economy is subpar, less politicians are, they can't force through legislation, you go along with that or would you rather have a booming recovery? >> no. steady as she goes. >> really? >> give opportunity for the excesses to unwind. same thing for the stock market. our target at the beginning of the year, my vice chairman, a grea
's happening in china and india. >> yeah. see, here's the problem. i can't pull into the gas station and say, oh, that's above the fair market value. i'm only going to give you $1.95 a gallon. how much of this -- you said it was speculative. is it still liquidity -- a liquidity driven phenomenon? there's a lot of liquidity going into the market. >> you can't do a thing about it right now. obviously there's a lot of money on the sidelines that look for asset based investments right now. oil is becoming an investment right now so many different individuals. the fact that we're trades in the $70s and oil is nearly spilling on the ground in the united states, the consumers are so down and out right now. the fact that we are trading above fair value that will be rectified here very soon. >> conceivably, we could really -- oil prices could really crater? >> we think that we have the supply is nearly at an all-time highs right now. opec has -- >> we should be, what, $30? >> we should be probably around $50 to $55. we do have china and india. their economies are doing well. the u.s. is still by far
, crop shortages in this brazil and india, big talk. tradertalk.cnbc.com. >> bob, technology still holding up, nasdaq up 7.5 points. i take you to wall and show you big cap technology stocks. the story today dictated by apple. barclays capital raising the price target to 208 from 188, not only like the product line but free cash flow. stocks up 1.75%. microsoft strong, as well, 1%, talking about the zzunor next month. look at what is happening in the chips base. 1% for the semiconductor index, names internally within that intel, qualcomm, and r.w. baird. palm, jim goldman was telling you on the menu, smart phones, palm is up 4%, despite the fact it was cut to sell at morgan joseph, and an upgrade at morgan keegan. >> the question we often ask so many times, what's driving crude oil? we have two charts here that really put it in focus. first take a look at oil versus the dollar. the dollar has been down all day, but it's been so steady and you see the volatility in oil. so, okay, now flip it. take a look at oil versus the s&p 500. it's pretty clear, based just on those charts, and t
limited. >>> from china, let's switch gears and head to india. ayesha joins us for the business report. >> it's been a volatile monday. asia was holding up. started off on a positive note. within minutes of trade it slipped down. around the 4500 level. just marginally holding. that's the case for the broader markets as well. what's dragging the indises down is the monsoon worries, which still hasn't picked up in certain key regions of the company. you have a couple of monsoon sectors. big draggers today. unilever stocks one of the losers today. what's gaining on the flip side is the entire i.t. sector. they are maintaining a good 6% gain right now. of course, pharma is holding up pretty well. in the meant, talking about monsoon, the worries clearly continue. they have actually stayed down the long-term forecast to 80% from the previous 95%. that as the market is watching. meantime, the swine flu death toll has risen in the country. in fact, it's gone up to six, with two deaths reported this morning in all. so that, of course, is bringing a flurry of activity with the entire pharma pack
on the india business report. >> following it up from asia, down by 50 points for the nifty right now. almost over 1%, though it's recovered from the low point of the day. we were staring down by about a 2%. you are seeing heavyweight selling, beat up markets are selling off and you are seeing institutional selling coming in. so reliance industries or in gc, both of these counters are giving off a lot by way of momentum. you have counters from the entire real estate space like unitech and glenn mark pharmaceuticals, that is one count which is in focus and trade today. here is perhaps the reason why. forest labs currently says they did not show positive results in the phase 2b trials pop so any jerk reaction coming in on opening bell. the counter was down about 18 odd percent. still continues to suffer, down about 14% on last count. some bit of recovery in ranbaxy, idn and a couple of other counters which have which has sold off a bit in the last week or so. with that, it's back to you. >> ayesha faridi, thank you very much. and it's back to becky now. >> the world is focusing on the economic
, actually, i don't know if you can pick this up but a picture about people in india driving harleys. it speaks about this growth handoff. they eventually want to have -- if there's going to be an engine of growth it won't be in the united states because the consumer is having difficulty. it has to be the rest of the world. we hope as the rest of the world moves up the income rung they'll be buying more american-made products and global trade will pick up. >> and what's the running price of a harley there? like 1,000 bucks? the average salary of a person, a commuter, is $1,000. it would be difficult to afford the hog right now. >> in india and china, you have the motorbike, the dad in the front, baby on the lap, mom on the back with groceries and a chicken stuck on the back. really cool on the harley. >> they do look good. >> just a short time ago we didn't think anyone anywhere was going to buy nonessentials or an american-made product. people are and it's a good thing. >>> coming up this morning's top stories and also jim and tony take on them. plus, could a brawl be on the cars? t
what is at the center of the multi-lateral system. g-7 is outdated, doesn't include china, india, and other bodies are also not as effective. and to see this coming meeting is loud to lapse is an issue. i hope in the next few weeks we jump-start this process. >> i would use your term to the bank of england directly. if you're going to be a player and regulator, you don't win, then if you're the referee and the player and you can't win, then you've got a real problem on your hands. certainly i think our fed has done a better job to say we are going to get out of qe first and use other facilities to keep the system working the best we can. >> mohammed a couple of quick crude market questions before we run out of time. back on july 28th, headlines ran that said, as you know, el-erian said stock rally won't continue with lack of revenue. el-erian selling into corporate bond equity rally. is that still happening? do you think markets have hit their high for the year? >> we position ourselves more cautiously. we think at these levels risk assets of pricing a lot of good news, not just
manufactures, way better than expected. pre-bear. and they also saw the same thing in brazil, india, and china. >> well, you know, there was massive government intervention. >> right. >> massive, around the globe. here we go. at the big board, javelin investment management celebrating the recent look at jet dow jones islamic market international index fund. i don't get where the -- >> where the jets. >> i'll finger out where the jets come from. and at the nasdaq, the mt. sinai medical center. >> market reporters are standing by. let's get there. opening down 42. not full any open. bob, take it away. >> freddie mac is up here nicely, 122. that's a nice little move up there. 45-cent move. bottom line is, for the first profits in nearly of two years, sited a number of different things. change in accounting, that is kind of important. lower funding costs. gains in the company's derivative portfolio. fannie and freddie were the two most actively traded stocks. they don't need additional funding or financing from the u.s. government at this time. at this time is very important. they made a point of
at china and india, they have both upped their forecast for gdp growth this year. and there's going to be a lot of demand right there alone.e. you can say the same thing for cell phones, two-thirds of us in the developing world. >> it's going to be non-u.s., your industry for a while at least? >> yeah. and again, i think that's been the case for some time now. yeah. >> so, where are the fabs now? we talked about this last time. >> right, yeah. >> and i'd like to kind of keep track of that.t. we still have a lot of fabs in the u.s. of is this overseas demand resulting in a shifting of where we make them? >> with still have a lot of fabs in the u.s. we still are investing in new state-of-the-art leading edge technology, leading edge capability here in the u.s. both in terms of wafer size, 12-inch wafers, at the load level, dimension level.l. as a consequence of that, still about 70% of the u.s.-based companies, production is taking place here in the u.s. and we think that's going to continue for the next few years. >> do you know what i don't hear anymore, and maybe it's because we've
to small farmers in places like india. short on resources and long on demand. >> for just a very, very small amount of land, farmers can produce much more grain. >> but what about the growing popularity of organic produce? ron moore, a long-time monsanto customer, believes biotech crops are necessary to meet the needs of a growing planet. >> we'll have to use all the technology available to farmers to increase production to supply food for that population. >> a population relying on more crops for food, feed and fuel. for more "people, planet and profit" check out sustainability at cnbc.com. there's no one exactly like you. raymond james financial advisors understand that. and they have the freedom to offer unbiased financial advice designed to weather market uncertainty and help you reach your goals. no matter how lofty. raymond james. individual solutions from independent advisors. >>> a warm welcome back to "squawk box" here on cnbc, first in business worldwide.Ñ we are one hour away from the opening bell. here are some of stories we are following this monday morning. the cash for
.8%. by the end of the day, the markets settled mostly lower. the hang seng just closing down inti 0.5%. the india sensex trading and for now in positive territory. nymex light sweet crude just off yesterday's high of 74. we're down by about 50 u.s. cents at $73.87. mike, let's take a look at how the futures are shaping up on this tuesday morning. good morning to you, mike. >> thanks, maura. good afternoon to you. and the price of oil was really a big reason why we saw the activity in the markets that we saw yesterday. as for this morning, it does not look like we're going to get much of a bernanke bounce here, as you can see. maybe the exact opposite could occur today of what happened yesterday when we had the dow ever so slightly higher and the nasdaq and the s&p 500 a tiny fraction lower. as equities relatively fell out of favor, we did see investors bid up the price of treasury notes. and this morning, we have the bund yield following even more. the yield on the benchmark ten-year t-note fell to .49% yesterday. and if we look at it now, it is ticking up just a little bit, but it's basically fl
Search Results 0 to 26 of about 27